The Bank Beat eNewsletter is a newsletter specific to the financial services industry that provides articles related to current events in banking. Topics covered include operational aspects of the industry, as well as regulatory, accounting, and tax issues.
That year or two when you are closing in on your retirement date, followed by a year or two after you retire, are the worst times for a sustained market decline. Market analysts call this scenario the sequence of returns (SOR) risk – because once your principal has been significantly reduced, there’s not enough time … Read More >
The CARES Act stimulus package substantially relaxed the rules around certain retirement account loan and distribution requirements, but with much confusion. As a result, the IRS recently put out a FAQ document to address the COVID-19 rule relaxation around IRA and 401(k) loans and distributions. This important information should come as welcome news for the … Read More >
After seeing a peak and then a sustained decline in coronavirus cases, hospitalizations, and deaths resulting from COVID-19, the White House and the Centers for Disease Control and Prevention has rolled out a three-tier approach to get the nation back to its pre-coronavirus economic activities. While this program is led by the Federal Government, it … Read More >
Since the escalation of COVID-19 cases, malicious activity from cybercriminals is also on the rise. Hackers are taking advantage of the coronavirus fear to carry out attacks. This is done by creating websites that claim to have cures for the virus or by spreading emails that contain links to malware. Consider this research by Check Point, where … Read More >
The Accounting Edge eNewsletter is comprised of important and informative articles related to businesses, entrepreneurs, and individuals. The articles cover a broad range of topics from retirement planning to new accounting laws and regulations.
Over the past 30 months, the price of a barrel of oil has increased from the mid-$30s to—in recent days—as high as the mid-$70s per barrel. At almost half the historic $150 per barrel price level nearly 10 years ago, how will the market react if oil reaches $150 again, as some analysts are speculating? … Read More >
A large number of Americans intend to keep working past retirement age. For many, their reasons are financial. Some have a high level of debt while others are afraid if they retire too soon, they will run out of money. Working longer offers several financial benefits. Those who put off retirement are able to: Accrue … Read More >
Every year we experience new challenges in the world of computer hacking —as well as new solutions. Cyber hackers have become aggressive, so business owners must be more vigilant. Because clients are the source of your revenue, it is critically important to ensure their data never gets into the wrong hands. According to a recent … Read More >
Investment banks can be a good predicator of the health of the market in the near future. Investment banks make the bulk of their money on mergers and acquisitions, initial public offerings and financing activities (bond issuances and syndicated loans). As a result, we can look at investment bank fees and performance as a proxy … Read More >
Exciting things are happening at Condley & Company, L.L.P., and we want to share the news. Click the links below for breaking news in financial services, as well as firm promotions and new employees. If you would like to speak with a Condley & Company professional, give us a call at 325.677.6251.
Abilene, TX — The local accounting firms of Condley and Company, L.L.P. and Ray & Company, P.C. recently announced a merger. Effective November 1, 2020, the accounting practice of Ray & Company, P.C. will become a part of Condley and Company, L.L.P.
“We have a great deal of respect for Hobby and Darlene Stevens … Read More >
This interactive calendar highlights important due dates for federal and state tax preparation, special firm events, and other activities of interest. The calendar is continually updated, so we encourage you to check back often to keep track of filing requirements and other deadlines.
Designed for new clients, this tax organizer can help facilitate your tax preparation. You can enter your information onscreen, print the completed document, and fax or mail it to our office. Current clients should contact the office to request a “proforma” tax organizer that includes prior year information and carryover data.
Looking for a federal tax preparation form? Browse our library of online tax forms to find downloadable IRS forms. The forms are presented in PDF format and are acceptable for filing with the IRS. You may also choose from dozens of helpful publications developed by the IRS to help taxpayers have a better understanding of tax preparation and various related issues. Available in PDF format, these publications are written in a plain language format geared specifically to taxpayers.